US consul general praises plan to link Iraq and GCC electricity grids at international forum

US consul general praises plan to link Iraq and GCC electricity grids at international forum
James Sindle, US consul-general in Dhahran, speaks during the Powering the Future Toward Net Zero event on Oct. 26. (Supplied)
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Updated 28 October 2024
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US consul general praises plan to link Iraq and GCC electricity grids at international forum

US consul general praises plan to link Iraq and GCC electricity grids at international forum
  • The new connection aims to help Iraq, particularly the southern part, reduce its dependency on more expensive power sources and imports from Iran

DAMMAM: The US consul general in Dhahran on Sunday praised a plan to link the electricity grids of the GCC and Iraq.

In an interview with Arab News, James Sindle said the plan to link Iraq’s grid with that of the GCC “is a vital step toward greater regional interdependence.”

“It will not only provide critical power to the Iraqi people but also pave the way for deeper economic cooperation in the years to come.”

He said that the US fully supports the plan to link the Gulf’s electricity grids and integrate renewable energy.

Sindle went on to say: “As President Biden emphasized during the April 2023 Major Economies Forum on Energy and Climate, addressing the climate crisis requires ambitious efforts, including reducing emissions and investing in multilateral solutions. The United States is proud to support these global efforts through contributions to the Green Climate Fund and other initiatives aimed at empowering developing countries to take climate action.”

The groundbreaking project, which the GCC Interconnection Authority launched, is scheduled for completion by late 2024.

The new connection aims to help Iraq, particularly the southern part, reduce its dependency on more expensive power sources and imports from Iran. This move is also aimed at bolstering energy security and stability across the region. This initiative is the first time the GCC has extended its grid connections beyond GCC member states.

Sindle’s comments came during a two-day international forum held at the Kempinski Al-Othman Hotel, titled: “Powering the Future Toward Net Zero.”

The event was organized by the GCCIA, in collaboration with the Electric Power Research Institute, GO15 (the association of Very Large Power Grid Operators) and the Association of the Mediterranean Transmission System Operators.

Yaqub Al Kiyumi, vice chairman of GCCIA, concurred with what Sindle said by stating: “Achieving carbon neutrality is no longer a local goal; it has become a global plan.”

The forum’s agenda featured discussions on a “Futuristic Visionary Perspective on Energy Transition,” guided by distinguished speakers. Session one centered on power sector policies from around the world for achieving net-zero objectives. The second panel focused on accelerating decarbonization.

Governor of the Eastern Province Prince Saud bin Nayef inaugurated and attended the forum.

Speaking about the event, Ahmed Al Ebrahim, CEO of GCCIA, underscored the organization’s commitment to advancing regional and global energy collaboration by saying: “At GCCIA, we are dedicated to enabling the Gulf region’s energy transition through stronger interconnections, efficient power trading, and regional cooperation.

“This forum represents a vital opportunity to unite global thought leaders and decision-makers in shaping the energy strategies of tomorrow,” he added. “Our work towards a resilient and sustainable energy future continues to be at the heart of what we do, and we look forward to engaging with key stakeholders to drive the transformation needed to achieve net-zero targets.”

Leaders and innovators from the Gulf — and beyond — came together for the event to collaborate on mutually ambitious goals to drive sustainable energy, reduce carbon footprints and build a resilient, greener future for generations to come. The event was live-streamed and will be available for viewing on the GCCIA social media platforms.

“EPRI is honored to collaborate with GCCIA, GO15, and Med-TSO in this critical dialogue on transitioning to a sustainable energy future,” said EPRI’s CEO and president, Arshad Mansoor. “Through our research and global partnerships, we continue to support the energy industry in addressing the challenges of flexibility and reliability as we work together to achieve economy-wide net-zero targets.”

During his keynote speech, Mansoor addressed the global energy landscape and the role of strategic collaboration in advancing net-zero goals.

EPRI also led various sessions, including discussions on the technical foundations necessary for the energy transition and insights into optimizing the grid to support a resilient and affordable net-zero future.

Neva Espinoza, EPRI’s senior vice president of energy supply and low-carbon resources and chief generation officer, moderated sessions focused on power sector strategies to achieve net-zero and accelerate decarbonization through global collaboration and innovation. Those sessions aimed to provide actionable insights on balancing affordability, resilience and sustainability, particularly as the energy sector integrates more renewable resources and introduces advanced generation technologies.

The second day will shift focus to the “Essential Technical Pillars of Energy Transition.” Discussions will address the complexities of variability challenges, solutions for enhancing flexibility, the influence of market reforms, and strategies for grid planning and operations, with an emphasis on the critical role of technology. To see the full schedule, visit the website.


Levantine culture shines at Riyadh’s Bilad Al-Sham event

Levantine culture shines at Riyadh’s Bilad Al-Sham event
Updated 10 sec ago
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Levantine culture shines at Riyadh’s Bilad Al-Sham event

Levantine culture shines at Riyadh’s Bilad Al-Sham event
  • Bilad Al-Sham featured a variety of events, including folkloric performances, popular carnivals and musical evenings by Levantine artists

Riyadh: Bilad Al-Sham festivities in Riyadh have showcased Levantine heritage through a series of performances and concerts.

Held at Al-Suwaidi Park as part of Riyadh Season, the cultural experiences attracted a large number of visitors.

Bilad Al-Sham featured a variety of events, including folkloric performances, popular carnivals and musical evenings by Levantine artists, the Saudi Press Agency reported.

Visitors also tasted Levantine cuisine and bought traditional clothing as well as handicrafts.

Bilad Al-Sham aimed to provide an enriching cultural experience for people of all ages, combining education and entertainment, the SPA reported.

By highlighting the traditions and culture of the Levant, the event embodied the spirit of coexistence and cultural diversity that Riyadh Season strives to promote.

More than 6 million people have visited Riyadh Season since it launched in October, the General Entertainment Authority said.

The areas contributing to the significant turnout include The Venue, Kingdom Arena, Boulevard City, Boulevard World, Riyadh Zoo, Al-Suwaidi Park and Wonder Garden, among others.


Waste not, want not: Misk Global Forum touts benefits of recycling to businesses and environment

Waste not, want not: Misk Global Forum touts benefits of recycling to businesses and environment
Updated 20 November 2024
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Waste not, want not: Misk Global Forum touts benefits of recycling to businesses and environment

Waste not, want not: Misk Global Forum touts benefits of recycling to businesses and environment
  • ‘Waste is the gold of the 21st century,’ says founder of pioneering initiative that transforms fish and ocean waste into sustainable textiles
  • Meanwhile, another project has worked with more than 200 farmers to plant 200,000 trees and regenerate 370 acres of land

RIYADH: The world’s economy is shifting towards a state in which sustainability and circularity will no longer be considered optional extras but the baseline for how we operate, experts said at the Misk Global Forum in Riyadh on Tuesday.

During a panel discussion titled “A Circular Revolution,” the participants explored ways in which waste materials can be reused or recycled to help achieve a circular economy that is beneficial to the environment while also generating profits.

“Waste is the gold of the 21st century,” said Moemen Sobh, the Egyptian founder and CEO of Visenleer, described as the first initiative of its kind in the Middle East and North Africa region, which transforms fish and ocean waste into sustainable textiles.

Noting that the fashion industry produces more greenhouse gas emissions than the oil and gas industries, he added: “By 2030, 50 percent of the gas emissions will be because of fashion.” Meanwhile, Egypt has a water deficit of 7 billion cubic meters a year and could run out of the vital resource as soon as 2025, UNICEF warned in 2021.

Sobh said his passion for finding sustainable solutions to these problem stems from his heritage as part of a northern Egyptian family descended from a long line of fishermen. So he decided to launch an initiative that buys fish waste that was being collected in plastic bags and dumped into freshwater sources, and instead use it to produce a more environmentally friendly alternative to animal and faux leather.

Through Visenleer, Sobh created the first sustainable fashion line in the region that uses only ocean waste to create its materials. He said the traditional tanning process for leather generates 90 percent of the greenhouse gas emissions produced by the fashion industry, so it was important for him to develop an alternative process that uses only glycerin, water and sunlight.

Electronic waste is another major environmental issue, and Alex Mativo, co-founder and CEO of Duck Analytics, spoke about the ways in which old devices can be transformed into products such as jewelry and fashion accessories.

He said he learned early on in his career that the circular economy means “turning something that is obsolete into something really beautiful.”

Mativo, who has been featured on the Forbes 30 Under 30 list, added that Duck Analytics uses data and artificial intelligence to help make the supply chains of global companies, such as Coca Cola and Red Bull, more efficient.

A circular economy, which is one based on the reuse and regeneration of materials or products, is beneficial both for businesses and the planet because it helps to reduce waste and generate profit, he said.

Louise Mabulo is the founder of the Cacao Project, an initiative that helps farmers build sustainable, resilient livelihoods through agroforestry, which involves the integration of trees and shrubs into crop and animal farming systems to create environmental, economic and social benefits for farmers and communities.

“Food systems account for 30 percent of global greenhouse gas emissions,” she said. The Cacao Project has worked with more than 200 farmers to plant almost 200,000 trees and regenerate more than 370 acres of land, she added. And that is not all.

“All of these farmers are being upskilled into businessmen and they are using agricultural waste; they are using cacao pods to make chocolate products and using that to create an income but also create economic benefits for themselves and for their communities, to protect them against storms and to provide better food,” Mabulo said.

As young innovators seek to develop sustainable solutions to environmental challenges, she said that “sometimes looking into the future requires looking back into the past.”

Rather than focusing only on new technologies, Mabulo added, knowledge of many solutions that can help solve the world’s problems already exists within communities.

“The key lies in unlocking them and finding innovative ways to marry ancestral knowledge or the resources we have with science, with facts, being able to communicate it well, and being able to talk to the communities in a language that they understand, and serve that gap.”


MoU signed to establish Saudi-Brazilian Coordination Council in Rio de Janeiro

Saudi Foreign Minister Prince Faisal bin Farhan and Brazilian Foreign Minister Mauro Vieira sign the MoU in Rio de Janeiro.
Saudi Foreign Minister Prince Faisal bin Farhan and Brazilian Foreign Minister Mauro Vieira sign the MoU in Rio de Janeiro.
Updated 19 November 2024
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MoU signed to establish Saudi-Brazilian Coordination Council in Rio de Janeiro

Saudi Foreign Minister Prince Faisal bin Farhan and Brazilian Foreign Minister Mauro Vieira sign the MoU in Rio de Janeiro.
  • Kingdom’s foreign minister visited Brazil to attend the G20 Summit that ended on Tuesday
  • Prince Faisal and Vieira reviewed relations between their countries and ways to develop them

RIYADH: A memorandum of understanding to establish the Saudi-Brazilian Coordination Council was signed by the foreign ministers of both countries in Rio de Janeiro on Tuesday, Saudi Press Agency reported.

The agreement was signed during a meeting between Brazilian Foreign Minister Mauro Vieira and Saudi Foreign Minister Prince Faisal bin Farhan.

It is a “continuation of what was agreed upon between the leaderships of the two countries during the visit of the President of Brazil Luiz Inacio Lula da Silva to the Kingdom on November 30, 2023,” SPA said.

The Kingdom’s foreign minister visited Brazil to attend the G20 Summit that ended on Tuesday.

Prince Faisal and Vieira reviewed relations between their countries and ways to develop them. They also discussed regional and international developments and efforts made in this regard.


Saudi entrepreneurs present expertise at Misk forum in Riyadh

Saudi entrepreneurs present expertise at Misk forum in Riyadh
Updated 19 November 2024
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Saudi entrepreneurs present expertise at Misk forum in Riyadh

Saudi entrepreneurs present expertise at Misk forum in Riyadh
  • Passion alone won’t build a business, says Prepline CEO Essa Behbehani

RIYADH: “If you don’t channel your passion for executing a business, then you simply have a hobby,” Essa Behbehani said at the Misk Global Forum on Tuesday.

The CEO of Prepline, a food and beverage investment and development company, made the statement during the panel discussion “Dream, Do, Dare: The Entrepreneur’s Cookbook,” which discussed core business skills, provided guidance on overcoming common startup challenges, and offered essential advice on scaling enterprises through funding.

"In a business, the most important factors are the product, resistance, and community approval." (AN photo by Huda Bashatah)

“Passion is one of the main elements you need to build a business on, but it is not the main element,” Behbehani said.

He outlined the four key roles in business success, saying: “You are either an investor, manager, developer, or craftsman. Each one needs the other element to succeed.”

HIGHLIGHTS

• The eighth Misk Global Forum, designed to encourage dialogue and exchange of ideas, is showcasing Misk Foundation’s dedication to engaging young minds.

• On Tuesday, Essa Behbehani and Abdullah Al-Saleem discussed core business skills, provided guidance on overcoming common startup challenges, and offered essential advice on scaling enterprises through funding.

Reflecting on the evolution of business fundamentals over two decades, Behbehani noted a significant shift, and added: “Back then, (around) 2003 to 2004, the most important elements in a business were the product, resistance, and community approval.”

"In a business, the most important factors are the product, resistance, and community approval." (AN photo by Huda Bashatah)

Behbehani noted that at that time, entrepreneurs like himself lacked marketing knowledge and did not have modern tools like social media to promote their businesses.

However, today’s business landscape demands different priorities, and he said: “These skill sets that you have need to be transferred into three main elements: You need to have a mindset, speed, and quality of product.

"In a business, the most important factors are the product, resistance, and community approval." (AN photo by Huda Bashatah)

“Mindset nowadays is everything — without a mindset, you can never grow a business.”

He cautioned current entrepreneurs about the limitations of focusing solely on product excellence, asking: “What are you going to do with an amazing product without the right mindset and the right speed to execute it?”

"In a business, the most important factors are the product, resistance, and community approval." (AN photo by Huda Bashatah)

During the same session, Abdullah Al-Saleem, the CEO and co-founder of Mushtari, a platform for business acquisition, shared valuable insights on when and how entrepreneurs should seek guidance for their ventures.

“Every time is the right time to seek help,” Al-Saleem said, highlighting the importance of continuous learning and consultation in business development.

He advocated for a two-pronged approach to seeking advice, distinguishing between general business consultants and industry-specific experts.

He added: “There are two people you have to seek help from: People that know generally about the industry, and people that know specifically about the industry.”

Using the restaurant business as an example, Al-Saleem described how he would consult general business experts for fundamentals like “hiring, culture, (and) cash flow,” while seeking industry-specific guidance for specialized operations.

However, gathering advice, he said, was just the first step. He noted that it was crucial to ensure team involvement in implementing recommendations.

He said: “When I take all these ideas or all these bits of advice, I brainstorm it with the team.”

This collaborative approach ensured that potential solutions were thoroughly evaluated before implementation, he said.

Al-Saleem further emphasized the importance of practical application through trial and error, and he always involved his team in the process.

He added: “They are the engine of the business and without the team, there is no business.”

 


Saudi Arabia, China, Iran meet to advance Beijing Agreement

Saudi Arabia, China, Iran meet to advance Beijing Agreement
Updated 19 November 2024
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Saudi Arabia, China, Iran meet to advance Beijing Agreement

Saudi Arabia, China, Iran meet to advance Beijing Agreement
  • Efforts focus on regional stability, economic collaboration

RIYADH: The second meeting of the Saudi-Chinese-Iranian Joint Tripartite Committee to follow up on the Beijing Agreement was held in Riyadh on Tuesday, the Saudi Press Agency reported.

Saudi Deputy Foreign Minister Waleed bin Abdulkarim Elkhereiji chaired the meeting, with Vice Foreign Minister of China Deng Li and Iran’s Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi present.

The Saudi and Iranian representatives reaffirmed their commitment to fully implementing the Beijing Agreement and strengthening neighborly relations through adherence to the UN Charter, the Charter of the Organization of Islamic Cooperation, and international law, emphasizing respect for sovereignty, independence, and security.

Saudi Arabia and Iran also welcomed China’s ongoing positive role and emphasized the importance of its support in following up on the Beijing Agreement’s implementation. China reiterated its readiness to encourage further steps by both nations to enhance their relationship in various fields.

The three countries praised the progress in Saudi-Iranian relations, highlighting the significance of direct communication at all levels and the opportunities for mutual cooperation amid regional tensions that threatened global and regional security.

They noted the progress in consular services, enabling over 87,000 Iranian pilgrims to perform Hajj and more than 52,000 to perform Umrah securely in 2024.

They also welcomed the first meeting of the Saudi-Iranian Joint Media Committee and the signing of a memorandum of understanding between the Prince Saud Al-Faisal Institute for Diplomatic Studies and Iran’s Institute for Political and International Studies.

Saudi Arabia and Iran expressed their readiness to sign a double taxation avoidance agreement and, along with China, looked forward to expanding economic and political cooperation.

The three nations called for an immediate end to Israeli aggression in Palestine and Lebanon, and condemned violations of Iran’s sovereignty and territorial integrity.

They stressed the need for uninterrupted humanitarian aid to Palestine and Lebanon and warned that continued violence posed serious threats to regional and global security, including maritime safety.

They also reaffirmed their support for a comprehensive political solution in Yemen, in line with internationally recognized principles under UN auspices.